Year over Year Comparison for Grand Traverse County on & off water homes

Off Water Homes All Values

Current Listings 581

Sales 12/10-12/11 822 12/11-12/12 961

Average DOM 145 or 4.8 Months

Value Direction Up 6.8%

Market Activity Up 16.9%

Inventory Supply 7.3 Months

Direct Water Homes All Values

Current Listings 186

Sales 12/10-12/11 136 12/11-12/12 175

Average DOM 20 or 6.9 Months

Value Direction Up 8.7%

Market Activity Up 28.7%

Inventory Supply 12.7 Months

Northern Michigan Activity remains very strong for this time of year with 87 sales, while inventory levels continue to contract in both on and off water markets. With all the talk of the "Fiscal Cliff" it can become overwhelming. While under the current system income taxes will rise and our economy may slow, however it's your choice whether to participate in the downturn or seek opportunity and have your best year ever. My advice, stay knowledgeable about current events, but don't let them influence your life, we can't control our elected officials, we can control how we react to their decisions.

Have a great week and focus on the positive, there is allot of it out there in spite of what you hear in the news.